8:26 am - Monday February 17, 2020
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Industry

Govt sets goal $ 5b in 2021 from leather industry: Tofail

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The government has set a goal to export five billion US dollars from the leather and leather goods industry under Vision 2021 which marks the 50 year anniversary of independence. Commerce Minister Tofail Ahmed, MP, disclosed this in a three-day long international exhibition inauguration ceremony titled ‘Leathertech Bangladesh-2016’ held in city’s International Convention City, Bashundhara Wednesday. The Commerce Minister said, “Government expects to export 60 billion dollar in 2021 from image-2which Readymade garments sec...

Deployment of wind turbines by edotco

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edotco Bangladesh Co. Ltd. (“edotco”) recently has successfully installed two wind turbines in Shah Porir Dwip, Teknaf and Cox’s Bazar to support the need for power in remote coastal regions of Bangladesh. Wind turbines are an environmentally friendly, alternative source of power for telecoms infrastructure which reduces dependency on the grid. It supplements by up to 30% the energy required from traditional sources, enabling Mobile Network Operators (MNOs) to benefit from savings of fuel in off grid or poor grid sites. With power generation in excess of 10 kWh per day per turbine, this solution decreases overall energy costs of a site by reducing generator run-time. As wind speeds pick up, the power

Potential savings of 21pc energy cost

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Findings from DANIDA financed energy efficiency project show that Bangladeshi companies can adopt energy efficiency measures and save 16% of energy consumption, 21% of energy costs and lower their CO2 emissions by 18%. This were revealed at a seminar titled “Bangladesh – A Great Potential for Energy Efficient Industry”, organized by The Energy Efficiency Engagement (3e) Program Secretariat in collaboration with Dhaka Chamber of Commerce and Industry (DCCI) at Hotel Six Seasons in the capital Dhaka. The main objective of the event was to promote implementation of energy efficiency in

Chevron confirms Bangladesh interests may be for sale

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Addressing growing speculation, Chevron said Thursday it would only proceed with a sale of its interests in Bangladesh if it can get a good value in return. A spokesperson for Chevron confirmed to UPI that the company was in discussions to dispose of its interest in Bangladesh. chevron-logo-promo"At this stage, no decision has been made to sell our interests," the spokesperson said. "We will only proceed if we can realize attractive value for Chevron." Chevron began streamlining its portfolio and cu...

China’s Etern signs $ 1.1b Bangladesh power grid deal

Power
China's Jiangsu Etern Co Ltd signed a deal worth $1.1 billion to strengthen the power grid network in Bangladesh, the company said on Thursday, ahead of a visit to the country by Chinese President Xi Jinping. The Power Grid Company of Bangladesh Ltd and Etern signed the four-and-a-half year deal to "expand, rebuild and Powerupgrade Bangladesh's nationwide electrical network system", Etern said in a filing to the Shanghai stock exchange. Etern said Bangladesh had applied for concessionary loans from China for the project, which ...

KrisEnergy begins drilling at Bangora-6

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Independent upstream oil and gas company KrisEnergy has commenced drilling at the Bangora-6 development well in the Block 9 production sharing contract, onshore Bangladesh. The Bapex Bijoy 10 rig is being used to drill the Bangora-6 development well from the Golpanagar site in the northern section of Block 9, which is located approximately 50 km east of Dhaka. krisenergyThe company plans to drill the well to a total measured depth of 3,786m. In 2015, gross production from the Bangora field averaged 106 million cubi...